16 Queen Street, Cardiff
Cardiff, CF10 2BU

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Graham Davies

The Agent

Graham Davies
Director

02920 346371
Nick Lawley

The Agent

Nick Lawley
Director

02920 346333
Brochure

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Specification

  • INVESTMENT GENERAL, INVESTMENT RETAIL
  • 5,209 sqft (484 sqm)
  • For sale
  • £1,277,000

Description

- Retail investment opportunity in Cardiff city centre
- Cardiff ranked 6th best UK retail destination in the PROMIS Best UK retailing Centres.

- Prominent location on Queen St, a prime retail location.

- Property provides accommodation over four floors: basement, ground floor retail and two upper floors.

- Let to The Works with 5 yrs unexpired.

- Current rent of £88,000 per annum.

- Freehold.

- We are instructed to seek offers of £1,277,000 (One Million Two Hundred and Seventy Seven Thousand) subject to contract and exclusive of VAT for our client's freehold interest.

- A purchase at this level would reflect a net initial yield of 6.5%, assuming purchaser costs of 5.98%.

Cooke & Arkwright for themselves and for the vendor/lessor of this property whose agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars are made without responsibility on the part of Cooke & Arkwright for the vendor/lessor and nothing contained in these particulars is to be relied upon as a statement or representation of fact. 3. Any intended purchaser/lessor must satisfy itself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor/lessor does not make or give and neither Cooke & Arkwright nor any person in their employment has any authority to make or give any representation/warranty whatsoever in relation to this property or any services. 5. All terms quoted exclusive of VAT unless otherwise stated. 6. Cooke & Arkwright is a trading name of Cooke & Arkwright Limited.